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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by ceenaloton Mar 16, 2022 9:16am
136 Views
Post# 34517844

Relax Longs Thesis is intact

Relax Longs Thesis is intact I Posted the below information late December when WTI was around $65.00 and all the same group of shorts or paid bashers were calling for the sky to fall

medium and long term catalysts are ALL in play and point to higher demand and tighter supply 

1) Opec is in control of price globally. 
2) CAPEX for  oil exploartion and development is depressed limiting supply medium and long term
3) oil demand is already near pre covid levels and is increasing medium and long term as well 
4) oil equities  are at historically low valuations...this could chnage to the upside 
5) Free Cash flow at $65 plus oil is huge $$$$$$ for Canadian oil companies
6)  the market in general  will be looking past Omicron for a reason 
7) companies are either paying down debt/buying back shares and or increasing dividends
8) oil storage levels are falling 


...all  above points suggest higher share prices in the future ...maybe not tomorrow ( as some   seem to be focused only on the day to day girations ) but in the medium and long term there will be positive momentum 

BTE is up from 66 cents to $3.66 in one year  ( where is it now ?)...do the math on that and perhaps you won't call a stock with that performace a DOG ...and stop whining about your losses to date ..be patient and stop talking down a stock that is a clear uptrend 

The last paragraph applies to many names BSW has identified ...put them on ignore 

Nothing has changed re the thesis 

C



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